(Bloomberg) Almost six years ago, Leon Black famously warned it was time to sell “everything that’s not nailed down” after stock markets had more than doubled from their lows and prices for leveraged buyouts jumped. On Wednesday, the co-founder of Apollo Global Management LLC was reminded of his call when fellow private equity investor David Rubenstein asked him whether that was indeed the right time to sell. In hindsight, Black conceded, he might have made a little more money by holding on longer.
Time to Sell? Rubenstein Puts Leon Black on the Spot Over 2013 Call
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